The number has reached the highest since November of last year. On Thursday, the Labor Department released its weekly report on the job market. For the week ending…
Read MoreInflation
Household Debt Tops $16 Trillion for First Time
Credit card balances grow to their highest level in 20 years. The New York Federal Reserve reported that household debt climbed past $16 trillion in the second quarter…
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Treasury Finds Gas Prices Improved with SPR Releases
Officials estimate fuel releases kept prices 20 to 40 cents lower. The Department of the Treasury released calculations this past week that estimate tapping into the Strategic Petroleum…
Read MoreFed Raises Rates 0.75 Percent Again
Credit tightens as the economy begins to slow. On Wednesday, the Federal Reserve raised its benchmark interest rate by three-quarters of a point for the second straight time…
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House Votes to Sell Reserve Oil to China
Strategic Petroleum Reserve is at its lowest since 1985. While average gas prices at the pump have decreased from their $5 peak, gasoline is still significantly more expensive…
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Middle-Class Families Falling Behind Financially
Inflation continues to rise. A new Primerica poll shows that three out of four middle-class households report falling behind as the cost of living continues its increase. The…
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Inflation Hits 40-Year High
Fuel costs have contributed to the newest numbers. The economic report for June shows that prices were up broadly. Core prices, a measure that does not include food…
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Latest Jobs Numbers Point to Solid Growth
Numbers ease recession fears for now. U.S. employers added 372,000 jobs to the U.S. economy in June, extending a streak of strong labor market gains, yet the broader…
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Veterans Utilize Instant Loan Approval
More than 41% of loans against life insurance have been processed through updated VA technology. The Department of Veterans Affairs implemented its Instant Loan Approval service as part…
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Federal Reserve Committed to Bringing Down Inflation
Chairman Powell says they will “do whatever it takes.” Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. central bank will “do whatever it takes” even if…
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